ADONIS TOWN HOUSES - PRODROMI/LATSI -- CYPRUS

CYPRUS THE LAND OF ALMOST YEAR ROUND SUNSHINE, AFFORDABLE PROPERTY, AND LOW TAXES WHICH MAKES IT A BENIGN ENVIRONMENT FOR RETIRED PEOPLE.

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Description     -     INSTRUCTIONS     -     PAYMENT TERMS     -     USEFUL INFORMATION

     Description

BRAND NEW TOWN HOUSES BETWEEN POLIS TOWN AND LATSI RESORT

ONE KM FROM BEACH ROAD, SEA VIEW

CLOSE TO SHOPS AND TOWN CENTRE.

QUITE AREA.

COMMON SWIMMING POOL.

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PROPERTIES WHICH ARE AVAILABLE NOW:   HOUSE NO.5   -   HOUSE NO.6   -   HOUSES NOS.7,8,9,AND10

-HOUSE NO 5:

TWO BEDROOMS UPSTAIRS, ONE WITH BALCONY AND SEA VIEW,

UPSTAIRS FULLY FITTED BATHROOM,

LARGE LIVING ROOM,

KITCHEN, DINING AREA,

SEPARATE GUEST CLOAKROOM DOWNSTAIRS,

BACK GARDEN(PLANTS,TREES,FLOWERS,WITH AUTOMATIC IRRAGATION SYSTEM ). WITH GARDEN FURNUTRE. TABLE, UMBRELLA, ETC.

WALL AND WOODEN FENCE AT THE BACK,

FRONT GARDEN OR PRIVATE PARKING SPACE.

READY TO MOVE IN NOW!

IDEAL FOR HOLIDAYS AS SECOND HOME OR FOR RETIREMENT HOME.

GOOD FUTURE INVESTMENT PROSPECTS.

PRICE:  EURO 163,000 (CYPRUS POUND 95,500)  PRIVATE SALE

PRICE INCLUDES THE FOLLOWINGS:

-AIR CONDITIONING/HEATING IN ALL ROOMS,

FULLY FITTED KITCHEN(FRIDGE,WASHING MACHINE,ELECTRIC COOKER,MICRO OVEN,KETTLE,TOASTER, CLEANING MATERIAL),

SATELLITE DISH,TV,DVD,RADIO CD PLAYER,

BEDS IN EVERY ROOM,BED LINEN,CLOCKS,BATHROOM SCALE,

STYLISH BLINDS ON ALL WINDOWS,

BREAKFAST BAR,STOOLS,

LARGE SOFA,EASY CHAIRS,DINING TABLE AND CHAIRS,RUGS.

IN FACT ALL YOU NEED TO MOVE IN AND LIVE COMFORTABLY.

SIZE—LAND: 110 SQ M; COVERED AREA;89 SQ M.

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-HOUSE NO.6

THREE BEDROOMS UPSTAIRS,ONE WITH BALCONY AND SEA VIEW.

UPSTAIRS FULLY FITTED BATHROOM,

LARGE  L-SHAPED,LIVING ROOM,

KITCHEN AND DINING AREA,

BREAKFAST BAR,STOOLS,

SEPARATE GUEST CLOAKROOM,

A LARGE GARDEN,PLANTS,ALMOND TREE,FLOWERS,WITH AUTOMATIC IRRIGATION SYSTEM.

A LARGE PARKING SPACE ON THE LEFT SIDE OF THE HOUSE,WITH PRIVATE ENTRACE.

SIDE AND FRONT GARDEN,

WALL AND WOODEN FENCE AT THE BACK AND SIDES,

FURNITURE,FITTINGS,FACILITES-AS DESCRIBED FOR HOUSE NO.5

SIZE—LAND: 166 SQ M; COVERED AREA;104 SQ M.  READY TO MOVE IN NOW!

PRICE:  EURO 203,000 (CYPRUS POUND 119,000)  PRIVATE SALE

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-HOUSES NOS.7,8,9&10. (READY NOW)

IN THE SAME COMPLEX AS HOUSES NOS.5 & 6, BUT AT A HIGHER ELEVATION.

CONSISTING OF TWO BEDROOMS UPSTAIRS,ONE WITH BALCONY.

FULLY FITTED BATHROOM UPSTAIRS,

LARGE LIVING ROOM,

KITCHEN/DINING AREA,

GUEST CLOCKROOM DOWNSTAIRS.

GARDEN/PARKING SPACE

ALL FOUR HOUSES OVERLOOK SWIMMING POOL ON ONE SIDE, AND SEA ON THE OTHERSIDE.

ALSO PANARAMIC VIEWS OF THE COUNTRYSIDE.

ABOVE HOUSES ARE OFFERED FULLY FURNISHED AS DESCRIBED FOR HOUSE NO.5.

  
FULLY FURNISHED (SAME SPEC. AS HOUSES NOS.5 AND 6)

  
PRICES:  EURO 163,000 (CYPRUS POUND 95,500)  PRIVATE SALE

SIZES:

NOS 7 AND 10; LAND 105 SQ M; COVERED AREA 89 SQ M

NOS 8 AND 9; LAND 89 SQ M; COVERED AREA 89 SQ M

INSTRUCTIONS     -     PAYMENT TERMS     -     USEFUL INFORMATION

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INSTRUCTIONS

CYPRUS LAW ALLOWS YOU TO PURCHASE PROPERTIES WITH SOME SIMPLE AND QUICK PROCEDURES WITHOUT COMPROMISING YOUR FULL LEGAL RIGHTS TO THE OWNERSHIP OF THE PROPERTY.

1. VISIT CYPRUS,VIEW THE PROPERTY.

2. AGREE THE PRICE.

3. WE GIVE YOU A STANDARD CONTRACT WITH ALL LEGAL DOCUMENTS TO TAKE TO A SOLICITOR OF YOUR CHOICE.

4. YOUR SOLICITOR WILL DRAFT FOUR COPIES OF THE AGREED CONTRACT.

5. WE SIGN THE CONTRACTS IN THE PRESENCE OF YOUR SOLICITOR, HE WILL KEEP TWO COPIES TO SEND TO THE LAND REGISTRY TO TRANSFER THE PROPERTY IN YOUR NAME.

6. WHEN PAYMENT TERMS ARE SETTLED, WE WILL GIVE YOU THE KEYS, AND YOU CAN MOVE IN.

THE WHOLE PROCEDURE WILL TAKE FIVE DAYS.

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PAYMENT TERMS

1. FIVE PERCENT OF THE VALUE OF PROPERTY UPON SIGNING OF THE CONTRACT.(RETURNABLE IF CONTRACT NOT APPROVED BY LAND REGISTRY).

2. NINETY TWO AND HALF PERCENT OF THE VALUE OF THE PROPERTY ONCE THE CONTRACT HAS BEEN APPROVED BY THE LAND REGISTRY, AND KEYS HANDED OVER TO YOU.

3. TWO AND HALF PER CENT OF THE VALUE OF THE PROPERTY, THREE MONTHS AFTER THE HANDOVER DAY.

NOTE: ABOVE GENERAL TERMS ARE NEGOTIABLE

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USEFUL INFORMATION

1. INTERNATIONAL LAWS ON RESIDENCY STATE THAT IF YOU SPEND MORE THAN 183 DAYS IN A COUNTRY-CONSECUTIVELY OR IN ANY ONE YEAR-YOU ARE DEEMED TO BE RESIDENT OF THAT COUNTRY FOR TAX PURPOSES.

2. CYPRUS IS NOW PART OF EUROPEAN UNION, HAVE A DOUBLE TAXATION AGREEMENT WITH ALL ITS MEMBER STATES.THIS MEANS THAT YOU WILL NOT BE TAXED ON THE SAME INCOME BY BOTH YOUR COUNTRY OF ORIGIN AND THE CYPRIOT AUTHORITIES.

3. IF YOUR INCOME IS TAXED IN THE COUNTRY WHERE YOUR INCOME ORIGINATED,YOU CAN CLAIM EXEMPTION FROM TAXATION BY COMPLETING A STANDARD FORM AVAILABLE FROM YOUR LOCAL TAX OFFICE BEFORE YOU LEAVE,OR COMPLETE YOUR END OF TAX YEAR TO RECLAIM ANY TAX YOU END UP OVERPAYING.

4. IN CYPRUS YOU CAN RECEIVE INCOME UP TO A CERTAIN LEVEL BEFORE TAX IS DUE-BROADLY ON THE SAME PRINCIPLES AS IN UK.

5. TAX RATE IS ONLY 5%TO PAY ON PENSION INCOME AT THE MOMENT.

6. TAX RATE IS ONLY 10% TO PAY ON UNEARNED INCOME FROM INVESTMENTS,UNLESS A WITHHOLDING TAX HAS BEEN CHARGED.

7. TAX RATE IS ONLY 15% TO PAY ON DIVIDEND INCOME.

8. YOU HAVE TO ACCEPT THAT THE LEVEL OF INCOME YOU RECEIVE WILL FLUCTUATE,BASED ON THE DAILY EXCHANGE RATE WHEN YOU CHANGE YOUR PENSION INCOME,FOR EXAMPLE,FROM STERLING INTO CYPRIOT POUNDS OR EURO WHICH EVER IS APPLICABLE.

9. THE BEST WAY TO DEAL WITH THIS IS TO TRANSFER THE FUNDS TO A STERLING ACCOUNT WITH INTREST AT A LOCAL BANK AND THEN MOVE THE MONEY INTO CYPRUS POUNDS OR EURO WHEN YOU ARE HAPPY WITH THE RATE OFFERED.

10. THERE ARE NO LIMITS IN CYPRUS ON THE NO. OF PROPERTIES AN EU CITIZEN CAN PURCHASE.

11. CYPRUS IS DUE TO JOIN THE EURO ZONE ON 01/01/2008.

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